Fairmount Homes

Analysis

Fairmount Homes is a registered charity in United States, based in Ephrata, PA. It received its IRS tax-exemption ruling in June 1967, 59 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fairmount Homes reported income of $23.2m and spending of $22.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.0m to $23.2m (+22%), an average of +5.1% a year. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fairmount Homes sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Brightwater Health ($23.2m), MCV Health Care Facilities Inc ($23.2m) and Community Health Alliance of Pasadena ($23.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $998k (4.5% of expenses). Other salaries and wages came to $11.7m. At year end it held assets of $49.8m against liabilities of $28.0m, net assets of $21.8m. It reported 405 employees.